HMO management

A House in Multiple Occupation (HMO) is a property rented out to at least three people who are not from one ‘household’ but share facilities like the bathroom and kitchen. A HMO can otherwise be known as a ‘house share’.

This type of property investment can give you a higher rental yield than when compared to a typical residential property investment – a one bedroom flat let to a couple.

However, there are more restrictions with this type of rental property. You must have a licence if you’re renting out a large HMO.

Your property is defined as a large HMO if all of the following apply:

the property is rented to five or more people who form more than one household

the property is at least three storeys high

tenants share toilet, bathroom or kitchen facilities.

Even if your property is smaller and rented to fewer people, you may still need a licence depending on the area, so it is best to check with us or the local council about the requirements.

Obtaining a licence and managing this type of property can be complicated. We are able to guide you through the process step-by-step, managing everything aspect from arranging the mortgage, property buying and refurbishment to marketing the property and managing the tenants in situ.

We will make it a smoother and easier journey, and help you gain the maximum potential income.

We are experienced in financing HMO property. We can place financing on regular rates of interest and allow you to have individual assured tenancies for the letting of individual rooms.

Company Information

The Financial Conduct Authority does not regulate some aspects of commercial mortgages; buy to let mortgages, secured loans & unsecured loans. There will be a fee for mortgage advice the amount of the fee will depend on your circumstances but we estimate it will be 1% of the amount you wish to borrow, subject to a minimum fee of £995. Your home may be repossessed if you do not keep up repayments on your mortgage.